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| Jun 2, 2006 |
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DENSO Announces Outcome of Share Repurchase Through N-NET
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According to provisions of Article 210 of Japan's Commercial Code
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TOKYO - DENSO Corporation (the "Company") today announced the outcome of the repurchase of its own shares through the Nagoya Stock Exchange's N-NET.
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Descriptions
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Reasons for the repurchase:
To raise shareholder value and to prepare for timely and flexible capital policy measures under a changing business environment.
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| (2) |
Type of shares : Common stock of the Company |
| (3) |
Number of shares repurchased: 5,100,000 shares |
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Purchase price: 3,940 Japanese yen per share |
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Date of repurchase: June 2, 2006 (Friday) |
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Method of repurchase: Through the Nagoya Stock Exchange's N-NET (Closing-price transaction)
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Reference:
| 1. |
Decision to repurchase its own shares was made at the Company's 82nd Annual Shareholders' Meeting held June 22, 2005.
Type of shares: Common stock of the Company
Total number of shares: Not to exceed 10,000,000 shares
Aggregate purchase price: Not to exceed 27,000 million yen
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| 2. |
Status of the repurchase progress as of June 2, 2006
Number of shares already repurchased: 5,100,000 shares
Accumulated purchase price: 20,094 million yen
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DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Its customers include all the world's major carmakers. Worldwide, the company employs approximately 106,000 people in 32 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2005 totaled US$27.3 billion. DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.
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